Bitfinex denies role in spooky transfer of $1.37 million in stolen Bitcoin

Bitcoin worth $1.3m from the 2016 Bitfinex hack are on the move

Bitcoin worth $1.3m from the 2016 Bitfinex hack are on the move

U.Today reminds its readers that the security breach, which was experienced by Bitfinex back in 2016, led to more than 744,408 BTC being stolen from the British Virgin Islands-based exchange.

The movements were first spotted by the Whale Alert Twitter account, which essentially tweets whenever a large cryptocurrency transaction is made. A total of six transactions were recorded, totaling 185 BTC, which is now worth about $1.5 million at the time of writing.

The transactions began at 06:00 UTC shart and continued way into the day's evening. At the time, that amount was worth $350 million, but today it's valued at roughly $5.9 billion.

It was one of the best strategies of recovering lost funds that had cost the exchange around $60 million at the time of the hack, but it looks like the exchange was not involved in it as much as people imagine.

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While he could be working on something brand new, there's a good chance he will unveil the next game in the The Evil Within saga. Bethesda will also spend some time talking about The Elder Scrolls Online and card spinoff The Elder Scrolls Blades .

In 2016, Bitfinex suffered a massive security breach that saw hackers successfully steal almost 120,000 BTC, then worth over $66 million.

Hard Fork, the online crypto news publication, speculated that this mysterious movement of Bitfinex's stolen funds was connected to the exchange's recently launched native cryptocurrency, Leo Coin. In fact, the transactions weren't even tied to the procedures outlined in their UNUS SED LEO white paper.

Given the anonymous nature of bitcoin wallets, these moves are the only evidence of hacker activity after the theft. They can be used for forensic analysis by blockchain sleuths but often instead result in money laundering activity to hide the funds' ultimate destination.

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